This Week in Earnings:
- Of the 267 companies in the S&P 500 that have reported earnings to date for Q1 2018, 79.4% have reported earnings above analyst expectations. This is above the long-term average of 64% and above the average over the past four quarters of 75%.
- 74.1% of companies have reported Q1 2018 revenue above analyst expectations. This is above the long-term average of 60% and above the average over the past four quarters of 69%.
- For Q1 2018, there have been 73 negative EPS preannouncements issued by S&P 500 corporations compared to 61 positive, which results in an N/P ratio of 1.2 for the S&P 500 Index.
- The forward four-quarter (2Q18 – 1Q19) P/E ratio for the S&P 500 is 16.4.
- During the week of Apr. 30, 143 S&P 500 companies are expected to report quarterly earnings.
Data from Reuters EIKON